Construction Partners, Inc. (ROAD) Income Statement
ROAD FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsROAD revenue and net income
Where ROAD's revenue goes
FY2025Each bar shows an amount and its share of revenue. ROAD kept 3.6% of revenue as net income.
ROAD profit margins
ROAD growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +54.2% | +29.3% | +29.1% | — |
| Gross profit | +69.9% | +47.4% | +29.1% | — |
| Operating income | +121.0% | +100.0% | +34.8% | — |
| Net income | +47.6% | +68.2% | +20.4% | — |
| EPS (diluted) | +64.2% | +75.1% | +23.0% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ROAD quarterly EPS vs estimates
Construction Partners beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 19, 2026 (estimate $1.41).
ROAD income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.81B | $1.82B | $1.56B | $1.30B | $910.7M | $785.7M | $783.2M | $680.1M | $568.2M | $542.3M |
| Cost of revenue | $2.37B | $1.57B | $1.36B | $1.16B | $793.9M | $663.5M | $665.3M | $580.6M | $477.2M | $467.5M |
| Gross profit | $439.1M | $258.5M | $199.0M | $137.1M | $116.8M | $122.2M | $118.0M | $99.5M | $91.0M | $74.9M |
| Research & development | — | — | — | — | — | — | — | $0 | — | — |
| Sales, general & admin | $199.3M | $150.0M | $126.6M | $107.2M | $85.3M | $68.6M | $62.7M | $55.3M | $47.9M | $40.4M |
| Total operating expenses | $199.3M | $150.0M | $126.6M | $107.2M | $86.2M | $68.4M | $62.5M | $55.1M | $47.9M | $40.4M |
| Operating income | $239.8M | $108.5M | $72.3M | $30.0M | $30.6M | $53.8M | $55.4M | $44.4M | $43.1M | $34.5M |
| Interest income | — | — | — | — | — | — | $1.9M | $1.3M | $4.0M | $4.7M |
| Interest expense | $90.4M | $29.7M | $25.6M | $8.6M | $2.4M | $3.1M | $1.9M | $1.3M | $4.0M | $4.7M |
| Income before taxes | $134.5M | $92.1M | $65.4M | $28.3M | $28.5M | $53.1M | $57.0M | $61.3M | $40.8M | $32.6M |
| Income taxes | $32.7M | $23.2M | $16.4M | $6.9M | $8.3M | $12.8M | $13.9M | $10.5M | $14.7M | $10.5M |
| Net income | $101.8M | $68.9M | $49.0M | $21.4M | $20.2M | $40.3M | $43.1M | $50.8M | $26.0M | $22.0M |
| EBITDA | $373.2M | $214.7M | $170.1M | $102.6M | $80.7M | $94.9M | $88.8M | $86.6M | $65.8M | $58.8M |
| EPS (diluted) | $2.20 | $1.34 | $0.93 | $0.41 | $0.44 | $0.78 | $0.83 | $1.11 | $0.66 | $0.43 |
| Gross margin | 15.6% | 14.2% | 12.7% | 10.5% | 12.8% | 15.6% | 15.1% | 14.6% | 16.0% | 13.8% |
| Operating margin | 8.5% | 5.9% | 4.6% | 2.3% | 3.4% | 6.8% | 7.1% | 6.5% | 7.6% | 6.4% |
| Net margin | 3.6% | 3.8% | 3.1% | 1.6% | 2.2% | 5.1% | 5.5% | 7.5% | 4.6% | 4.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $999.4M | $769.2M | $809.5M | $899.8M | $779.3M | $571.6M | $561.6M | $538.2M | $517.8M | $371.4M | $396.5M | $475.0M |
| Cost of revenue | $831.0M | $669.0M | $688.0M | $740.5M | $647.5M | $500.3M | $485.0M | $454.1M | $434.3M | $332.6M | $344.4M | $400.3M |
| Gross profit | $168.4M | $100.2M | $121.5M | $159.4M | $131.8M | $71.3M | $76.6M | $84.1M | $83.5M | $38.8M | $52.1M | $74.7M |
| Sales, general & admin | $63.1M | $63.6M | $61.5M | $57.3M | $51.0M | $46.7M | $44.3M | $39.8M | $38.0M | $36.5M | $36.0M | $33.0M |
| Total operating expenses | $59.0M | $63.6M | $61.5M | $57.3M | $51.0M | $46.7M | $44.3M | $39.8M | $38.2M | $36.0M | $35.5M | $33.0M |
| Operating income | $109.4M | $36.6M | $60.0M | $102.0M | $80.8M | $24.7M | $32.3M | $44.2M | $45.3M | $2.8M | $16.6M | $41.7M |
| Interest expense | $30.3M | $25.6M | $27.4M | $25.4M | $27.1M | $23.5M | $20.3M | $6.1M | $7.3M | $7.2M | $6.4M | $6.1M |
| Income before taxes | $79.1M | $12.1M | $22.8M | $75.0M | $58.0M | $5.5M | −$3.9M | $39.6M | $41.0M | −$1.4M | $13.0M | $41.2M |
| Income taxes | $19.6M | $2.9M | $5.6M | $18.4M | $13.9M | $1.3M | −$849,000 | $10.3M | $10.1M | −$321,000 | $3.1M | $10.2M |
| Net income | $59.6M | $9.2M | $17.2M | $56.6M | $44.0M | $4.2M | −$3.1M | $29.3M | $30.9M | −$1.1M | $9.8M | $30.9M |
| EBITDA | $153.4M | $32.7M | $95.2M | $140.9M | $124.4M | $66.3M | $47.6M | $71.1M | $71.8M | $28.6M | $40.5M | $68.6M |
| EPS (diluted) | $1.08 | $0.18 | $0.47 | $1.06 | $0.81 | $0.08 | $0.25 | $0.58 | $0.59 | −$0.02 | $0.19 | $0.59 |
| Gross margin | 16.8% | 13.0% | 15.0% | 17.7% | 16.9% | 12.5% | 13.6% | 15.6% | 16.1% | 10.4% | 13.1% | 15.7% |
| Operating margin | 10.9% | 4.8% | 7.4% | 11.3% | 10.4% | 4.3% | 5.8% | 8.2% | 8.7% | 0.8% | 4.2% | 8.8% |
| Net margin | 6.0% | 1.2% | 2.1% | 6.3% | 5.7% | 0.7% | −0.5% | 5.4% | 6.0% | −0.3% | 2.5% | 6.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ROAD's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ROAD financial results
In fiscal year 2025 (ended September 30, 2025), Construction Partners reported revenue of $2.8 billion, up 54.2% from the year before. It had net income of $101.8 million (up 47.6%), a net profit margin of 3.6%. Diluted earnings per share came to $2.20. Over five years revenue grew at an average rate of 29.1% a year.
See the ROAD stock overview for the latest quote and news, or the ROAD chart for price history and technical indicators.
ROAD income statement FAQ
What is Construction Partners's annual revenue?
Construction Partners reported total revenue of $2.8 billion for fiscal year 2025, which ended on September 30, 2025. That was up 54.2% from $1.8 billion the previous year.
Is Construction Partners profitable?
Yes. Construction Partners reported net income of $101.8 million in fiscal 2025, a net profit margin of 3.6%; its operating margin was 8.5%.
What is Construction Partners's gross margin?
Construction Partners's gross margin was 15.6% in fiscal 2025: for every $100 of revenue, Construction Partners kept $16 after the direct cost of its products and services.
How fast is Construction Partners growing?
Revenue grew 29.1% a year on average over the last five fiscal years, from $785.7 million to $2.8 billion.
What are Construction Partners's earnings per share?
Construction Partners earned $2.20 per diluted share in fiscal 2025, compared with $1.34 a year earlier.
When will Construction Partners report its next earnings?
Construction Partners is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 before the market opens.
When does Construction Partners's fiscal year end?
Construction Partners's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.